Meanwhile, under the maintenance agreement, Petrofac will continue to provide campaign inspection as well as maintenance services on BP’s North Sea assets. A Petrofac statement said it has supported many of these assets for the last decade.

Last year, Petrofac worked with BP to prove new execution techniques.

Petrofac West Engineering and Production Services managing director Nick Shorten said: “We are proud to build on our long-standing relationship with BP, who have been an early adopter of our digital execution processes.

“We look forward to building on the gains made through this approach and establishing our metering services provision.”

Last month, Petrofac told staff in the UAE of its decision to reduce its headcount in the country by 20%. Furthermore, the company plans to reduce its overhead and project support costs by at least $100m in the current year and by up to $200m next year.

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ABCON AS is the world's leading producer of 'STOP LEAK' products for all stern tube, thruster and stabilizer systems, utilizing advanced Teflon fluid mechanic principles, and trusted by leading fleet operators.

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ABCON AS is the world's leading producer of 'STOP LEAK' products for all stern tube, thruster and stabilizer systems, utilizing advanced Teflon fluid mechanic principles, and trusted by leading fleet operators.